Moore Capital Management LP Makes New $28.75 Million Investment in Klarna Group plc $KLAR

Moore Capital Management LP acquired a new position in Klarna Group plc (NYSE:KLAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 994,320 shares of the company’s stock, valued at approximately $28,746,000. Moore Capital Management LP owned approximately 0.14% of Klarna Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Compagnie Lombard Odier SCmA raised its position in shares of Klarna Group by 43.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock worth $48,000 after acquiring an additional 500 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Klarna Group by 44.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock worth $48,000 after acquiring an additional 509 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Klarna Group by 19.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock worth $117,000 after acquiring an additional 665 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Klarna Group by 800.0% during the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after acquiring an additional 800 shares during the last quarter. Finally, US Bancorp DE bought a new stake in shares of Klarna Group during the third quarter worth $30,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KLAR shares. UBS Group dropped their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Keefe, Bruyette & Woods boosted their target price on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. The Goldman Sachs Group boosted their target price on Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wells Fargo & Company dropped their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.24.

Klarna Group Trading Up 0.5%

NYSE KLAR opened at $17.88 on Thursday. The stock has a 50-day simple moving average of $15.43 and a 200 day simple moving average of $20.01. The company has a market capitalization of $6.75 billion and a PE ratio of -34.38. Klarna Group plc has a 12 month low of $12.06 and a 12 month high of $57.20.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.The firm’s quarterly revenue was up 42.7% on a year-over-year basis. As a group, sell-side analysts predict that Klarna Group plc will post 0.04 earnings per share for the current fiscal year.

Klarna Group Profile

Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.

Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.